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image Interest Rates FCNR(B)/RFC

UNION BANK OF INDIA
REVISION IN RATES OF INTEREST ON
FCNR (B) AND RFC DEPOSITS
FCNR (B) Deposits:
The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 01.05.2020 are given below:
PERIOD
USD< 300,000
USD >= 300,000
GBP
EUR
  Existing Revised Existing Revised Existing Revised Existing Revised
1 YR<2YRS

1.32

1.31

1.32

1.31

0.97

0.91

0.10

0.14

2YRS<3YRS

1.15

1.08

1.25

1.18

1.03

0.96

0.07

0.05

3YRS<4YRS

1.14

1.14

1.24

1.24

1.02

0.96

0.06

0.03

4YRS<5YRS

1.14

1.12

1.24

1.22

1.03

0.97

0.09

0.06

5YRSONLY

1.13

1.11

1.23

1.21

1.03

0.97

0.13

0.08

FCNR (B) Deposits:
 
PERIOD
JPY
CAD
AUD
  Existing Revised Existing Revised Existing Revised
1 YR<2YRS

0.12

0.07

0.98

0.90

0.39

0.58

2YRS<3YRS

0.15

0.11

0.80

0.66

0.56

0.69

3YRS<4YRS

0.16

0.09

0.86

0.72

0.59

0.75

4YRS<5YRS

0.20

0.09

0.93

0.80

0.71

0.88

5YRSONLY

0.20

0.09

1.02

0.90

0.83

1.02

RFC Deposits::
 
PERIOD
USD < 300,000
USD>= 300,000
GBP
EUR
  Existing Revised Existing Revised Existing Revised Existing Revised
TERM DEPOSITS                
6 MONTHS to <1 YR

1.32

1.31

1.32

1.31

0.97

0.91

0.10

0.14

1 YR to <2 YRS

1.32

1.31

1.32

1.31

0.97

0.91

0.10

0.14

2 YRS to <3 YRS

1.15

1.08

1.25

1.18

1.03

0.96

0.07

0.05

3 YRS

1.14

1.14

1.24

1.24

1.02

0.96

0.06

0.03

 

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